3 min read · 06 Sep 2024
Pipilotti Rist. Photograph by Anthony Anex
The week started with ominous news that Sotheby's earnings had tumbled as China's luxury market cooled but it ended on better than expected sales at Frieze Seoul and also at The Armory Show in New York. And on another positive note, Las Vegas gave the green light to building a first-rate art museum, backed by a casino mogul and LACMA, no less.
Seoul: Nicolas Party’s Portrait with Curtains sold for $2.5m on Hauser & Wirth’s booth at Frieze Seoul while Pace sold a work by Lee Ufan for $1.2m, attesting to Asia’s “market stability”, ARTnews reported.
Seoul: Tuan Andrew Nguyen, whose work is presented by Gallery Quynh, was awarded Frieze Seoul’s stand prize.
New York: A Lynne Drexler painting was sold for $450,000 by Berry Campbell on The Armory Show's VIP opening day and Sean Kelly sold several paintings by Hugo McCloud, Artnet News reported.
Hong Kong: Yoshitomo Nara led Phillips auction on September 5, which totaled $488,300, falling short of its pre-sale low estimate. For all the highlights, see the HENI News report.
New York: Lee Bul will install strange, humanoid sculptures on the facade of the Met next week. The South Korean artist won't mind if they “induce a feeling of nausea”, she told The Times.
New York: Iria Leino, a fashion model turned abstract artist who was a SoHo pioneer, is finally getting her dues with a show in New York. Although a young artist-critic called Donald Judd spotted her talent in the 60s, writes W Magazine.
Rotterdam: Pipilotti Rist has been awarded the 2024 Sikkens Prize by Museum Boijmans van Beuningen and Kunsthal Rotterdam.
In other news
Washington, DC: Agnes Gund is one of the leading philanthropists joining artists, such as Carrie Mae Weems, who are supporting the Harris-Walz presidential campaign, The Art Newspaper reported.
Museum: The Las Vegas Museum of Art could open by 2028 after the city gave the greenlight to the project, which is backed by philanthropist Elaine Wynn and LACMA director Michael Govan, reported the Las Vegas Review-Journal.
Market: Sotheby's reported an 88 percent plunge in core earnings and a 25 percent decline in sales, partly due to weaker luxury spending in China, which is affecting Sotheby's as well as its rival Christie's.
Washington, DC: Philanthropist and collector Estrellita Brodsky has funded the Hirshhorn Museum's first curator of Latin American and Latin Diasporic Art, who is José Roca.
"‘A woman who, for a long time, didn’t say a word, then suddenly began to sob hysterically.’ Light and Space artist Helen Pashgian recalls the effect of one of her works, as her installation for “PST Art” goes on show in LA."
- ARTnews
"Lumen: Helen Pashgian" installation at the Getty Center. Copyright the artist. Photo by Cassia Davis, copyright J. Paul Getty Trust